scstocks: With such a long time horizon I won't suffer the time decay that you do with short options. After my post I picked up 20 LEAP Calls on Hecla Mining (HL). Currently HL is just over $5.00. I bought the Jan 2019 LEAPs with $10.00 strike price. In the aftermath of the last big crash Hecla went from $1.52 to over $11.00 within a year. This time it only has to double for me. Silver would be 20% higher already had it not been the anonymous Fed proxy that dumped $2 Billions in Paper silver futures earlier this month. But each time they try it the effect wears off faster and faster. The opening of the Shanghai precious metals exchange is making it harder for the Comex and London to fix prices. Once they can no longer subdue the metals with their criminal naked shorting the metals are going to go on a tear.
I remember that. Didn't you get that many contracts by mistake? I think you said you entered 10X what you intended to but then decided to keep them.
I don't know, I hate to get involved in the old casino again, but the 9X profit potential that Bigworld calculated is tempting. I wonder what the payoff would be for an XLF drop to 20? You wouldn't need the big collapse to happen to get XLF down to 20 - chart-wise it would merely be a healthy correction down to key support..
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